Key Market Indicators
Beninese Truck Imports are projected to surge to approximately $50 million by 2028, up from around $42 million in 2023. This represents an annual growth rate of 2.8%. Since 2003, the demand for trucks in Benin has increased by an average of 1.5% each year. However, the country's truck exports have taken a significant hit. In 2023, Beninese truck exports totaled about $173,000, a sharp decline from nearly $262,000 in 2022. This 33.8% drop highlights a troubling trend, as Beninese truck supply has been decreasing by 2.9% annually since 2003. In the global export rankings for 2023, Benin fell to the 86th position, with Pakistan slightly ahead at the same export value of $173,000. The top spots were dominated by the United States, Germany, and France, securing the second, third, and fourth positions respectively.